A new survey of participants in securities markets across the globe finds that most respondents expect shorter T+1 and T+0 settlement cycles will become the norm by 2026. But getting to T+1 in the U.S. and elsewhere will present most firms with new challenges, according to the “Securities Services Evolution” whitepaper from Citi. The report,… Read More >>
UBS & FAB Go Live on CLSNet & Other News
UBS & FAB Will Use CLSNet for 120 Currencies UBS and First Abu Dhabi Bank (FAB) report that they have gone live on the CLSNet bilateral payment netting calculation service from FX settlement provider CLS. The CLSNet platform standardizes “post-trade processes across the global currency spectrum,” and is intended to cut risk, enhance efficiency, and… Read More >>
Investors Have High Hopes for Crypto Care & Other News
New Report Focuses on Digital Custody Needs of Investors Investors prefer an “institutional-grade infrastructure” for their crypto and other digital assets but securities firms will need time before they can provide that level of support, according to a new report from research firm Coalition Greenwich Market. The report, “Providing Digital Asset Services: An Institutional Infrastructure… Read More >>
CACEIS & RBC Investor Services Collaborate & Other News
CACEIS to Acquire Part of RBC Investor Services CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, and the Royal Bank of Canada (RBC) report that they have signed a Memorandum of Understanding (MoU) intended to result in the CACEIS acquisition of the European asset servicing activities of RBC Investor Services and… Read More >>
Overbond Launches A.I.-Based Margin Optimization & Other News
Overbond Adds A.I.-Based Functions to Trading Engine Overbond, a vendor focused on automation for credit trading, reports that it has added an artificial intelligence-based margin optimization function to its automated trading system to help sell-side, fixed income desks “optimize their hit ratio and increase the profitability of automated fixed income trading,” officials say. Currently, automated… Read More >>
Can SWIFT Make Post-Trade Ops More Transparent?
SWIFT is strongly urging that the industry adopt Unique Transaction Identifiers (UTIs) as a way to bring more transparency to post-trade processing. The new UTI support would come via the SWIFT Securities View capability, which has had a successful pilot test, dubbed the “SWIFT Securities Tracking Pilot,” according to officials of the financial messaging, systems,… Read More >>
BofA Securities Fined $5M via OTC Reporting Case
“Oops, I did it again” might work as an excuse once, maybe even twice, especially if accompanied by a twinkly smile. But 7.4 million times? It’s not that innocent, as Britney might say. Let’s all sing along with the verse: FINRA, the self-regulating authority for U.S. broker-dealers, which is overseen by the Securities and Exchange… Read More >>
Insurance Investment Managers Can Optimize PE Returns: Q&A
(FTF News recently got time with Stan Szczepanik, managing director and head of insurance solutions at SS&C Technologies, and Scott Kurland, managing director at SS&C, who took questions about key trends facing insurance company investment portfolios — complex portfolios, a growing convergence between private equity (PE) and insurance entities, and the ways that artificial intelligence… Read More >>
Murex’s MX.3 Links to ICE Data & Other News
Murex Integrates Offerings from ICE Data Services Murex, a trading, risk management, and processing solutions vendor, reports that it has created a more efficient way for its MX.3 platform to access fixed income and derivatives data offerings from ICE Data Services, part of the Intercontinental Exchange (ICE). The MX.3 platform supports trading, treasury, risk and post-trade operations…. Read More >>
TMX Group Adopts Fixed Income Analytics & Other News
TMX Group & Overbond Form Partnership TMX Group, an operator of exchanges and global markets such as the Toronto Stock Exchange, reports that it’s integrating CDS FIPS settlement-layer Canadian bond data with fixed income AI analytics and trade automation solutions from vendor Overbond. The integration should make bond liquidity scoring and best executable pricing more… Read More >>
